Oil

Soma Oil and Gas, which is chaired by Lord Howard of the Conservative party, was involved in a transaction with a Somali [...]

Brent crude dipped to a six-month low of US$50 a barrel on Monday. It sank by 4 % or US$1.95 to settle at US$45.17 a barrel, [...]

In order to remain strog despite the slump in oil price, Malaysian oil company Petronas has decided to shelve 14 out of its [...]

The Kaduna Refining and Petrochemicals Company (KRPC) began production recently, refining about 60,000 barrels of crude per [...]

DUBAI – Oil Minister Bijan Zanganeh said yesterday that Iran’s oil output is expected to increase by 500,000 barrels [...]

The increasing demand of oil price and decreasing production mean that oil prices will not get lower, OPEC Secretary General [...]

The U.S. Senate Energy Committee is seeking to lift a ban on crude oil exports but face opposition from getting it passed by [...]

CALGARY –Shell and Cenovus are slashing more jobs as the companies see low second quarter earnings. At Cenovus Energy Inc, [...]

SINGAPORE – The price of oil in Malaysia, Vietnam and Australia has hit multi-year lows. This comes amidst low demand for [...]

BP reported a loss of US$5.8 billion in its second quarter following a massive oil spill in the Gulf of Mexico in 2010. The [...]